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government is currently servicing, on world financial markets. After the Surge, there was a sharp decline in the price of those …
Persistent link: https://www.econbiz.de/10012465190
explanations for economic growth and the quality of government …
Persistent link: https://www.econbiz.de/10012469292
An extensive literature debates the causes and consequences of the desegregation of American schools in the twentieth century. Despite the social importance of desegregation and the magnitude of the literature, we have lacked a comprehensive accounting of the basic facts of school desegregation....
Persistent link: https://www.econbiz.de/10012465372
In what order should a developing country adopt policy reforms? Do some policies complement each other? Do others substitute for each other? To address these questions, we develop a two-country dynamic general equilibrium model with entry and exit of firms that are monopolistic competitors. The...
Persistent link: https://www.econbiz.de/10012456831
During Britain's industrialization, Parliament operated a forum where rights to land and resources could be reorganized. This venue enabled landholders and communities to exploit economic opportunities that could not be accommodated by the inflexible rights regime inherited from the past. In...
Persistent link: https://www.econbiz.de/10012462955
size of this political distortion. In this paper we study the determination of government debt and deficits in a dynamic …, a rent-seeking government over-saves and over-taxes along the equilibrium path relative to a benevolent government …
Persistent link: https://www.econbiz.de/10012464230
While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many...
Persistent link: https://www.econbiz.de/10012471103
Adaptable property-rights institutions, we argue, foster economic development. The British example illustrates this point. Around 1700, Parliament established a forum where rights to land and resources could be reorganized. This venue enabled landholders and communities to take advantage of...
Persistent link: https://www.econbiz.de/10012464890
We examine the politics of the "Salary Grab" of 1873, legislation that increased congressional salaries retroactively by 50 percent. A group of New England and Midwestern elites opposed the Salary Grab, along with congressional franking and patronage-based civil service appointments, as part of...
Persistent link: https://www.econbiz.de/10012466763
Persistent link: https://www.econbiz.de/10012485065